DRDGOLD Limited (NYSE:DRD) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in DRDGOLD Limited (NYSE:DRD - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 673,013 shares of the basic materials company's stock after selling 47,700 shares during the quarter. Renaissance Technologies LLC owned about 0.78% of DRDGOLD worth $5,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after buying an additional 1,122 shares during the last quarter. JPMorgan Chase & Co. lifted its position in DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after acquiring an additional 8,558 shares during the last quarter. QRG Capital Management Inc. acquired a new position in DRDGOLD in the fourth quarter valued at $98,000. Virtu Financial LLC purchased a new position in shares of DRDGOLD during the third quarter worth about $119,000. Finally, Blue Trust Inc. grew its holdings in shares of DRDGOLD by 41.3% during the fourth quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company's stock worth $441,000 after purchasing an additional 14,912 shares during the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DRD has been the subject of several research analyst reports. HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a research note on Friday, April 18th.

DRDGOLD Stock Down 0.2 %

DRD stock traded down $0.03 during trading on Thursday, hitting $15.43. The company had a trading volume of 133,913 shares, compared to its average volume of 333,361. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $17.60. The firm has a 50-day moving average price of $13.83 and a 200-day moving average price of $11.36. The firm has a market cap of $1.33 billion, a PE ratio of 12.23 and a beta of 0.88.

DRDGOLD Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD's dividend payout ratio (DPR) is presently 19.05%.

DRDGOLD Profile

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.